Tag: refunds

US January deficit falls sharply as receipts grow, tax refunds fall

By David Lawder WASHINGTON (Reuters) – The U.S. federal budget deficit fell sharply in January to $22 billion as receipts hit a record for that month, partly because tax refunds fell after the Internal Revenue Service cleared a backlog of pandemic-delayed tax returns, the U.S. Treasury said on Monday. The deficit last month was $17 […]